NEW: Subiaco Masterplan
Posted: Sat Sep 11, 2004 10:35 am
Subi name sale to fund stand
http://www.thewest.com.au/20040911/news ... 29310.html
The WA Football Commission will consider offering the naming and management rights for Subiaco Oval to private property developers to help underpin a major redevelopment proposal for the premier sporting venue.
The offers are included in an information memorandum which the WAFC has sent to at least four Perth property developers who have been invited to come up with "innovative and commercially viable ideas" for a multi-million-dollar redevelopment at the western end of Subiaco Oval and the old three-tier stand.
According to the WAFC documents, that redevelopment could include a supporters club for the West Coast Eagles, a new office building for the WAFC dubbed Football House, a new AFL merchandise shop, restaurants and "other food and beverage outlets".
Those new buildings are earmarked for the western portion of Subiaco Oval bound by Haydn Bunton Drive and Subiaco Road - a 7900sq m leasehold area which includes the Subiaco Football Club building and the adjoining 170-bay carpark.
The documents also detail a broader master plan by the WAFC to not only redevelop the old western three-tier stand, but to also add another tier to the current two-tier stand "such that the proposed three-tier stand extends both northward and southward and wraps around the entire western end of the oval".
The WAFC has given the private developers the option of including the redevelopment of the three-tier stand in their tenders. It hopes that redevelopment will help increase Subiaco Oval's seated capacity from 42,922 to as much as 48,000.
The WAFC has thrown the lucrative naming and management rights into the mix because it wants to ensure the redevelopment proceeds without saddling WA football's governing body with any additional debt.
WAFC chairman Neale Fong said that debt, incurred during the last major redevelopment of Subiaco Oval in 1999, stood at around $24 million.
Dr Fong said the WAFC hoped the tender process would result in innovative financing, management and lease proposals from the private sector to fund the redevelopment of the western end of Subiaco Oval and the three-tier stand, which was opened in 1969.
"The financing of this could be very substantial so we have to be open to something potentially out of left field," Dr Fong said.
The documents reveal those proposals could extend to naming and management rights.
"The naming rights of Subiaco Oval could be incorporated into the funding package," the documents state.
"At present, the WAFC manages Subiaco Oval. However, the WAFC may consider proposals which incorporate management rights as part of their funding package."
WAFC chief executive Wayne Bradshaw stressed yesterday the WAFC was investigating its options and that a range of issues would have to be addressed before any development commitments were made, including consultation with the City of Subiaco council, the State Government and Subiaco Football Club.
"We are simply exploring the potential for this site for the benefit of all of football, not to mention improving the visual appeal of the western end of the ground," Mr Bradshaw said.
-----------------------------
There's a large rendering of the proposed new stand which I'll scan and post later on.
It seems like a great idea, getting a private developer to fund the expasions, but are these expasions the solution? I think not. Getting the capacity "from 42,922 to as much as 48,000" is joke, especially considering it will cost in excess of $25 million easily. Surely they can't lack that much foresite. I guess the WAFC are just anxious that any move will have a negative effect on the game, such mentality i don't understand.
The one good thing that comes out of this is that they have realised more seats are needed. Just not at Subiaco.
mike
http://www.thewest.com.au/20040911/news ... 29310.html
The WA Football Commission will consider offering the naming and management rights for Subiaco Oval to private property developers to help underpin a major redevelopment proposal for the premier sporting venue.
The offers are included in an information memorandum which the WAFC has sent to at least four Perth property developers who have been invited to come up with "innovative and commercially viable ideas" for a multi-million-dollar redevelopment at the western end of Subiaco Oval and the old three-tier stand.
According to the WAFC documents, that redevelopment could include a supporters club for the West Coast Eagles, a new office building for the WAFC dubbed Football House, a new AFL merchandise shop, restaurants and "other food and beverage outlets".
Those new buildings are earmarked for the western portion of Subiaco Oval bound by Haydn Bunton Drive and Subiaco Road - a 7900sq m leasehold area which includes the Subiaco Football Club building and the adjoining 170-bay carpark.
The documents also detail a broader master plan by the WAFC to not only redevelop the old western three-tier stand, but to also add another tier to the current two-tier stand "such that the proposed three-tier stand extends both northward and southward and wraps around the entire western end of the oval".
The WAFC has given the private developers the option of including the redevelopment of the three-tier stand in their tenders. It hopes that redevelopment will help increase Subiaco Oval's seated capacity from 42,922 to as much as 48,000.
The WAFC has thrown the lucrative naming and management rights into the mix because it wants to ensure the redevelopment proceeds without saddling WA football's governing body with any additional debt.
WAFC chairman Neale Fong said that debt, incurred during the last major redevelopment of Subiaco Oval in 1999, stood at around $24 million.
Dr Fong said the WAFC hoped the tender process would result in innovative financing, management and lease proposals from the private sector to fund the redevelopment of the western end of Subiaco Oval and the three-tier stand, which was opened in 1969.
"The financing of this could be very substantial so we have to be open to something potentially out of left field," Dr Fong said.
The documents reveal those proposals could extend to naming and management rights.
"The naming rights of Subiaco Oval could be incorporated into the funding package," the documents state.
"At present, the WAFC manages Subiaco Oval. However, the WAFC may consider proposals which incorporate management rights as part of their funding package."
WAFC chief executive Wayne Bradshaw stressed yesterday the WAFC was investigating its options and that a range of issues would have to be addressed before any development commitments were made, including consultation with the City of Subiaco council, the State Government and Subiaco Football Club.
"We are simply exploring the potential for this site for the benefit of all of football, not to mention improving the visual appeal of the western end of the ground," Mr Bradshaw said.
-----------------------------
There's a large rendering of the proposed new stand which I'll scan and post later on.
It seems like a great idea, getting a private developer to fund the expasions, but are these expasions the solution? I think not. Getting the capacity "from 42,922 to as much as 48,000" is joke, especially considering it will cost in excess of $25 million easily. Surely they can't lack that much foresite. I guess the WAFC are just anxious that any move will have a negative effect on the game, such mentality i don't understand.
The one good thing that comes out of this is that they have realised more seats are needed. Just not at Subiaco.
mike